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26 September 2017
 |
| financial markets (The Total Investment & Insurance Solutions) |
U.S. stocks are higher Tuesday morning as technology companies recover
some of their losses from the day before. Cruise lines are trading higher after
Carnival had a stronger third quarter than analysts expected. Investors were
also waiting for a speech by Federal Reserve Chair Janet Yellen about inflation
and monetary policy. The Total
Investment & Insurance Solutions
KEEPING SCORE: The Standard & Poor's 500
index jumped 6 points, or 0.3 percent, to 2,503 as of 10:15 a.m. Eastern time.
The Dow Jones industrial average rose 64 points, or 0.3 percent, to 22,360. The
Nasdaq composite gained 29 points, or 0.5 percent, to 6,399 after a drop of 0.9
percent on Monday. The Russell 2000 index of smaller-company stocks picked up 3
points, or 0.2 percent, to 1,455.
SAILING ALONG: Carnival's third-quarter
profit and revenue surpassed Wall Street's expectations. The cruise line raised
its annual forecasts and said bookings and prices for next year are higher than
they were at this time a year ago. Carnival gained $2.20, or 3.5 percent, to
$65.70 and competitor Royal Caribbean Cruises rose $4.77, or 4.2 percent, to
$118.65.
TECH RESET: Big technology companies
recovered after sharp losses a day earlier. Apple picked up $2.32, or 1.5
percent, to $152.87 and chipmaker Nvidia rose $6.52, or 3.8 percent, to
$177.52. Facebook added $2.28, or 1.4 percent, to $165.12. Open-source software
maker Red Hat climbed $4.59, or 4.3 percent, to $110.35 after a
better-than-expected second quarter.
EQUIFAX DEPARTURE: Equifax CEO Richard Smith
is retiring as the credit reporting agency tries to clean up a mess left by a
data breach that exposed highly sensitive information about 143 million
Americans. Smith had been CEO since 2005 and is also stepping down as chairman.
The company said Smith won't receive his annual bonus or other benefits until
Equifax finishes its investigation into the data breach it disclosed earlier
this month. Two other company executives left on Sept. 15. Equifax lost $1.27,
or 1.2 percent, to $103.82.
ENERGY: Benchmark U.S. crude slid 48 cents to
$51.74 a barrel in New York. Brent crude, the standard for international oil
prices, fell 69 cents, or 1.2 percent, to $57.74 a barrel in London. The Total Investment & Insurance
Solutions
BONDS: Bond prices declined. The yield on the
10-year Treasury note rose to 2.24 percent from 2.22 percent. The Total Investment & Insurance
Solutions
CURRENCY: The dollar rose to 112.16 yen from
111.61 yen. The euro fell to $1.1786 from $1.1846. The Total Investment & Insurance Solutions
OVERSEAS: Germany's DAX rose 0.2 percent and
France's CAC 40 added 0.1 percent. In Britain the FTSE 100 was unchanged.
Tokyo's Nikkei 225 lost 0.3 percent and the Hang Seng of Hong Kong gained less
than 0.1 percent. The South Korean Kospi declined 0.3 percent.The Total Investment & Insurance
Solutions
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